Sunday, September 25, 2016

Prajna Capital

Over the past few months, the fund has invested in sovereign bonds to guard against the erstwhile credit concerns. Currently the G-Sec holding in the

portfolio has been brought down significantly (~11%) by booking profits. The cash and CBLO holding in the portfolio is ~28%. The surge in the supply of

credits in various spaces like promoter financing space, real estate space, infrastructure projects / cash flow based projects, securitisation space is expected to provide ample opportunity for the fund to deploy its cash holdings going forward. Currently, the YTM of the portfolio is 9.08% and the modified duration is 1.98 yrs.

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